Federal Reserve Board issues enforcement action with Waccamaw Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 6, 2011. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Waccamaw Bank (PDF), Whiteville, North Carolina Prompt Corrective Action Directive dated Dec. 2, 2011 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System